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Paul Teasdale
Paul Teasdale

04 November 2019 | Paul Teasdale

Paul Teasdale discusses PTSG’s acquisition and the future direction of the business. 

When it was announced in July that Premier Technical Services Group Ltd (PTSG) had recommended a cash offer from the Macquarie Group’s Ltd’s Principal Finance business (Macquarie) for its acquisition for more than £300 million, some questions were asked about the company’s future.

But PTSG CEO Paul Teasdale says the move, which has seen PTSG delisted from the London Stock Exchange, calls it the biggest landmark in PTSG’s history. Both he and managing director Roger Teasdale are staying on as they aim to take the firm to £1 billion market capitalisation in five years.

Teasdale and other members of his leadership team have reinvested heavily back into PTSG, which provides façade access and fall arrest equipment services, lightning protection and electrical testing, specialist building access and fire solutions.

“PTSG is now in a stronger position than ever and we can approach the future with even greater confidence,” says Teasdale. “The deal has unlocked almost limitless potential and gives us the opportunity to take PTSG to the next level.

“We have a tremendous team, with some of the best and most experienced specialists in the business. Having brokered a deal with one of the world’s largest investors, we can continue to pursue a greater share of the markets in which we operate.”

The acquisition is the culmination of 12 years of continuous growth for the group since its founding year of 2007, when Teasdale, along with  PTSG chairman John Foley, assessed that there was demand among building owners and managers for “a single provider of multiple high-quality niche specialist services and products”.

Between January 2018 and January 2019 the group effectively doubled in size, going from 640 staff at 17 offices to 1,200 staff working at 31 locations around the UK.

The two Teasdales will continue with the company’s business model, which combines organic and acquisitive growth. PTSG today operates through four business divisions: Access & Safety, Electrical Services, Building Access Specialists and Fire Solutions.

Says Teasdale: “Our acquisition of companies that add value to the PTSG portfolio has enabled us to not only widen our geographical market presence, but to enhance our ability to cross-sell new services to customers and business prospects. This has helped to consolidate growth and is the key to unlimited further growth.

“We have been on an incredible journey so far and we look forward to taking the business to a new level with the support of the Macquarie’s Principal Finance team.

“With access to the capital and expertise brought by the Macquarie platform, we are positioned to capitalise on the strong opportunities we see in health and safety testing and compliance.”